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An Improved Technique for Obtaining Current Sub-state Income Estimates

Ellis Eff ()

The Review of Regional Studies, 1998, vol. 28, issue 2, 91-103

Abstract: This paper compares some specifications for estimating current sub-state (county or MSA) income. A large number of trials are generated, using the data for Tennessee, in a procedure akin to a series of Monte-Carlo experiments. The out-of-sample forecast errors are examined to see which specifications perform best, and then to obtain some insight into the approximate error one would obtain using the best specification.

Date: 1998
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